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To: Dealer who wrote (5813)	10/5/2000 8:48:24 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

<FONT COLOR=BLUE>MARKET SNAPSHOT--7:49 AM Mixed open for shares Dell warning weighs By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:49 AM ET Oct 5, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - Equities are bracing for an open on the mixed side Thursday, with investors processing another round of profit warnings, including a high-profile one from Dell Computer. Today on CBS MarketWatch U.S. stock futures firm Indications: Dell, Harmonic lower in pre-market trading Dell cites European softness in profit warning Oracle reiterates positive outlook EMI, Time Warner call off merger Dell Computer (DELL: news, msgs) fell $1.94, or 6.9 percent below its official close on Wednesday. See Indications. After the close, Dell warned that third-quarter revenue would fall 3 percent below expectations due to soggy European demand and weaker-than-expected global sales to small-business customers. While Dell said it's still on track to meet third-quarter estimates, it believes fourth-quarter estimates could come in one to two cents below target. First Call expects a profit of 25 cents a share for the third quarter and 28 cents in the fourth quarter. See full story. December S&P 500 futures rose 2.80 points, or 0.2 percent, and were trading roughly 1.60 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, shed 7.50 points, or 0.2 percent. Over in the bond market, prices were a sliver higher, with the 10-year Treasury note up 1/8 to yield ($TNX: news, msgs) 5.875 percent while the 30-year bond rose 6/32 to yield ($TYX: news, msgs) 5.935 percent. On the economic front, weekly initial claims and the minutes of the August 22 Federal Open Market Committee meeting will be out. View Economic Preview, economic calendar and forecasts and historical economic data. In the currency arena, dollar/yen was close to flat levels at 109.23 while euro/dollar shed 0.1 percent to 0.8730. Market participants are awaiting the outcome of the European Central Bank's policy-setting meeting. Julie Rannazzisi is markets editor for CBS.MarketWatch.com.